Oil Markets Brace for a Summer of Hormuz Volatility

Oil Markets Brace for a Summer of Hormuz Volatility

Brent tops $73 as renewed U.S.-Iran strikes keep Hormuz on edge, leaving oil markets vulnerable to sharp summer price swings. Hormuz Plays Red Light, Green Light as Transits Slow Down This Week - Reaching 59 transits, June 24 has marked the highest number of Hormuz crossings since US-Iran MoU was signed, with traffic slowing down following last week’s attack on a cargo ship and weekend strikes on Iranian territory. - This week’s daily transit ra…

Brent crude slides to $70 as Iran’s Hormuz gambit jolts oil markets

Oil prices fell on Tuesday as traders balanced hopes for fresh US-Iran diplomacy against concerns around Tehran’s attempt to shape how ships move through the Strait of Hormuz.Brent crude slipped in the low-$70s, while US West Texas Intermediate traded around $70 a barrel.Both benchmarks remain well below their conflict-era highs, after markets unwound much of the war premium built during four months of disruption in the Gulf.The problem is that …

Crude Oil: The inflation transmission channel for Namibia – Windhoek Observer

Crude oil is the single most important commodity for Namibian macroeconomic conditions. The Iran war, which the International Energy Agency (IEA) characterised as the largest supply disruption in the history of the global oil market, disrupted 20% of global oil supply via the Strait of Hormuz. Brent surged from approximately US$72/barrel of oil (bbl) on 27 February to nearly US$120 at peak a 51% monthly gain in March, one of the largest one-mont…

Brent Crude Oil Analysis: Stabilisation or Simply a Pause? - ActionForex

From a technical standpoint, Brent crude oil has been in a clear bearish trend for approximately one month, consistently forming lower highs and lower lows on the daily chart. Early warning signs were already visible in a notably strong RSI divergence: while price recorded higher highs between March and May on the candlestick chart, the RSI readings in May were significantly weaker than those of March — a textbook signal that bullish momentum wa…

Brent Crude Oil Analysis: Stabilisation or Simply a Pause?

Over the past few weeks, financial markets have been more focused than ever on developments surrounding the Strait of Hormuz — a critical waterway at the centre of ongoing US-Iran negotiations. The back-and-forth of diplomatic headlines has injected significant volatility into energy markets, causing no shortage of headaches for traders and investors alike. For now, the price appears to have found a temporary equilibrium around the key $70 per b…